Hsbc Global Res Lowers DouYu International (NASDAQ:DOYU) to Moderate Sell

Hsbc Global Res downgraded shares of DouYu International (NASDAQ:DOYU) from a hold rating to a moderate sell rating in a report issued on Tuesday morning, Zacks.com reports.

A number of other research analysts also recently weighed in on DOYU. Citigroup dropped their price target on DouYu International from $6.00 to $5.50 and set a sell rating on the stock in a research note on Friday, June 7th. HSBC lowered DouYu International from a hold rating to a reduce rating in a research report on Tuesday.

DouYu International Stock Up 6.0 %

Shares of DOYU stock opened at $9.61 on Tuesday. The firm has a 50 day moving average of $14.53 and a 200-day moving average of $11.60. The company has a market cap of $304.06 million, a price-to-earnings ratio of -25.89 and a beta of 0.95. DouYu International has a 52 week low of $6.29 and a 52 week high of $20.17.

DouYu International (NASDAQ:DOYU) last posted its quarterly earnings results on Thursday, September 12th. The company reported ($0.20) EPS for the quarter. DouYu International had a negative return on equity of 0.97% and a negative net margin of 2.63%. The company had revenue of $142.01 million during the quarter.

Hedge Funds Weigh In On DouYu International

Several large investors have recently added to or reduced their stakes in DOYU. BRIGHT VALLEY CAPITAL Ltd bought a new stake in DouYu International during the 4th quarter worth approximately $2,006,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in DouYu International during the first quarter worth $3,750,000. Polunin Capital Partners Ltd purchased a new stake in DouYu International in the 2nd quarter valued at $3,526,000. Dimensional Fund Advisors LP boosted its holdings in DouYu International by 46.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 160,276 shares of the company’s stock worth $1,761,000 after acquiring an additional 50,531 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of DouYu International in the 1st quarter worth $34,000. Institutional investors own 17.86% of the company’s stock.

About DouYu International

DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People's Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.